Ecov accompanies local authorities and communities in achieving real time carpooling lines.
Business Model: B2C
Revenue: $0
Employees: 51-200
Address:
City: Nantes
State: Pays de la Loire
Zip:
Country: France
Ecov is a start-up expert real time carpooling lines. Ecov accompanies businesses and communities in achieving carpool solutions. 80% of trips in France are made by private car. This has huge environmental and economic consequences – in France private cars account for 16% of greenhouse gas emissions and eat up 14% of the average household budget. Reliance on cars is also a major social concern, with 54% of people living on a low income having to turn down work due to lack of transport. Moreover, on a day-to-day basis, the average car carries just 1.3 people, meaning that the road transport system (roads + vehicles + users + networks) is not being used efficiently. Carpooling (sometimes also referred to as lift-sharing, car-sharing or ride-sharing) is one solution. However, although carpooling is now a popular choice for long journeys, only 3% of day-to-day trips are made using conventional, pre-booked carpooling services. We believe we can change this. To change behaviours and reduce the number of solo drivers on the roads, we need to re-think how carpooling works. The constraints inherent in pre-booked carpooling are a barrier to uptake. That’s where our new concept – the carpooling line – comes in. Designed to operate like a typical bus line, with a designated route and stops, it allows people to carpool spontaneously, without booking. Drivers make their trip as usual, leaving whenever they want and picking up passengers along the way. At peak times on our busiest lines, passengers wait no longer than 5 minutes for a ride, just like on a high-frequency bus line.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2017 | Seed Round | 2 | $672.8k |
MOBILIZE VENTURE France Active MOBILIZE VENTURE France Active |
12/2017 | Grant | 1 | $475.7k |
Ademe Ademe |
12/2020 | Seed Round | 2 | $2.1M |
France Active The Caisse des Dépôts France Active The Caisse des Dépôts |
5/2018 | Seed Round | 1 | $1.4M |
The Caisse des Dépôts The Caisse des Dépôts The Caisse des Dépôts The Caisse des Dépôts |
3/2017 | Grant | 1 | $52.7k |
EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs EASME - EU Executive Agency for SMEs |
4/2021 | Grant | 1 | $2.1M |
Ademe Ademe |
5/2019 | Grant | 1 | $11M |
Ministère de l&s;Économie et de l&s;Innovation Ministère de l&s;Économie et de l&s;Innovation |
10/2015 | Pre Seed Round | $171.2k |
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Announced Date | Name | Price |
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6/2019 | Ouihop |
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